Search for Mississippi Mortgage Rates & Home Loan Programs

Pier at sunset.If your goal is finding some of the lowest Mississippi mortgage rates in the Deep South, you may have come to the right place. Whether you are living in one of Mississippi’s largest cities such the state capital city of Jackson, coastal Gulfport, or north of the I-20 corridor in Greenville, make your source of researching Mississippi mortgage information. We make searching for low Mississippi mortgage rates online simple and stress free. We’ve displayed guides on the lending process as well as currently advertised rates from a variety of Mississippi mortgage companies. Whether you need a fixed rate mortgage for a beautiful home in Columbus or a 7 year adjustable rate mortgage for your Meridian residence, give one of the brokers, lenders, or banks listed below a call and ask for a free home financing consultation.

Using the rate table

The majority of the mortgage companies represented in the rate survey on this page offer a variety of fixed rate (10, 15, 20, and 30 year terms) and adjustable rate financing solutions (3/1, 5/1, and 7/1 ARMs) for 1-4 unit residential properties (i.e. single family homes, duplexes, triplexes, and quadraplexes). These mortgage companies typically allow properties to be used as primary residences, second homes (aka vacation homes), or investment properties (rental homes). Rates often vary by occupancy type so you’ll need to speak with the various lenders and brokers to make sure that you qualify for what they have posted. Rates may also vary of other reasons including the type of property being financed. For exmaple, interest rates for condos may have pricing adjustments when compared to stand-alone, stick built homes. Be sure to speak with the various home loan providers directly to make sure that you have an accurate idea of pricing for your unique scenario.

Find additional information on MS mortgage companies and learn about different home buyer assistance programs in the State of Mississippi

View of the old Capitol building in Jackson, MS

Mississippi Mortgage Bankers Associationwebsite
PO Box 55629 Jackson, MS 39296 PH: 601-366-4255

Mississippi Credit Union Associationwebsite
PO Box 9575 Jackson, MS 39286 PH: 800-748-8627

MS Department of Banking and Consumer Financewebsite
501 N. West Street 901 Woolfolk Building Suite A Jackson, MS 39225-3729

Mississippi Home Corporationwebsite

The City of Jackson Down Payment Assistance Programwebsite
Porter Building 218 S. President Street 2nd Floor Jackson, MS 39201 PH: PH: 601-960-1156

Missouri Development Authority Home Buyer Assistancewebsite
P.O. Box 849 Jackson, MS 39205 PH: (601) 359-3449

Biloxi Housing Authoritywebsite
330 Benachi Avenue Biloxi, MS 39530 PH: 228-374-7771

Tupelo Housing Authoritywebsite
701 S Canal Street Tupelo, MS 38802

Types of Fixed Rate Mortgages Posted in the Rate Tables and Why to Consider Each One

  • 30 Year Home Loans – Most popular option in today’s marketplace. Loan is amortized over the course of 30 years (360 months) which keeps monthly principal and interest payments lower than shorter term fixed rate solutions. Interest paid over the life of the loan will be considerably higher than 10, 15, and 20 year financing products.
  • 20 Year Home Loans – Repayment is made over 20 years (240 months). Can be a good option for people who are worried about committing to the higher payments associated with 15 year mortgages but do not want to take on the longer repayment period and higher interest of a 30 year home loan.
  • 15 Year Home Loans – Second most popular fixed rate product after 30 year financing. Repaid over 15 years (180 months). Note rates are usually lower than what a home buyer or homeowner would get with a 30 or 20 year mortgage. On the flipside, monthly payments are higher as the repayment period is cut in half. Interest savings can be significant when measured against longer term fixed rate products.
  • 10 Year Home LoansShortest fixed rate mortgage program advertised in the rate tables. For those who can afford higher monthly payments, 10 year fixed rate financing can lead to considerable interest savings versus 30, 20, and 15 year home loans.